JMP Securities Reiterates Market Outperform Rating for Full House Resorts (NASDAQ:FLL)

Full House Resorts (NASDAQ:FLL)‘s stock had its “market outperform” rating reissued by investment analysts at JMP Securities in a note issued to investors on Thursday,Benzinga reports. They currently have a $6.00 price objective on the stock. JMP Securities’ price target would suggest a potential upside of 20.97% from the stock’s previous close.

Separately, B. Riley lowered their target price on shares of Full House Resorts from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, November 7th.

Full House Resorts Stock Up 1.6 %

Shares of NASDAQ:FLL opened at $4.96 on Thursday. Full House Resorts has a fifty-two week low of $3.77 and a fifty-two week high of $5.94. The firm’s 50 day moving average price is $4.52 and its 200 day moving average price is $4.88. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 9.04. The stock has a market cap of $176.58 million, a price-to-earnings ratio of -4.20 and a beta of 1.92.

Insider Activity at Full House Resorts

In other Full House Resorts news, Director Kathleen M. Caracciolo sold 8,900 shares of Full House Resorts stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $4.43, for a total transaction of $39,427.00. Following the transaction, the director now owns 40,997 shares of the company’s stock, valued at $181,616.71. The trade was a 17.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Lewis A. Fanger sold 37,738 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $5.05, for a total value of $190,576.90. Following the completion of the sale, the chief financial officer now directly owns 254,658 shares of the company’s stock, valued at $1,286,022.90. The trade was a 12.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,746 shares of company stock valued at $260,121 over the last three months. 12.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Full House Resorts

A number of institutional investors have recently modified their holdings of FLL. B. Riley Wealth Advisors Inc. purchased a new position in shares of Full House Resorts in the 2nd quarter valued at approximately $50,000. KG&L Capital Management LLC purchased a new position in Full House Resorts in the 3rd quarter valued at $50,000. SG Americas Securities LLC acquired a new position in Full House Resorts in the 3rd quarter valued at $54,000. Aristeia Capital L.L.C. purchased a new position in Full House Resorts during the 2nd quarter worth $140,000. Finally, Barclays PLC lifted its stake in shares of Full House Resorts by 268.5% in the 3rd quarter. Barclays PLC now owns 43,247 shares of the company’s stock worth $217,000 after acquiring an additional 31,512 shares during the period. 37.68% of the stock is owned by institutional investors and hedge funds.

Full House Resorts Company Profile

Full House Resorts, Inc owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States. It operates through Midwest & South, West, and Contracted Sports Wagering segments. The company's properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Rising Star Casino Resort in Rising Sun, Indiana; Bronco Billy's Casino and Chamonix Casino Hotel in Cripple Creek, Colorado; Stockman's Casino in Fallon, Nevada; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada.